Northern Data Takes an Important Step to Execute Its Strategy and Outlines Its Intention to Make Strategic Investment for North American Operations Campus, Enters into Partnership with Oklahoma

Feb 28, 2022

The intended strategic partnership is part of Northern Data's implementation of the projected ramp-up plan for deployment of more than 100k ASIC systems in North America until the end of FY2022 as outlined in the Company's Strategy Presentation published end of September 2021
The Company entered into final negotiations for acquiring an undisclosed data center site featuring up to 250 MW of power being provided by strategic partner in Oklahoma. The data center buildings are projected to be fully operational by the end of 2024 using a modular building design for time-saving construction
On-site connection of a total of 250 megawatts will be targeted in stages, with 10 MW in Q2'22, a total of 50 MW in Q4'22, and eventually the total 250 megawatts by the end of 2024.
The transaction is subject to satisfactory due diligence. Further details on this transaction will be published after a conclusion of the due diligence expected within the coming weeks
The intended partnership supports Northern Data's strategy to build a high-quality data center infrastructure for Blockchain and ultimately Cloud Compute Services in the future

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